Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 28, 2020	Jun. 30, 2019
CURRENT ASSETS:
Cash and cash equivalents	$ 11,774	$ 7,809
Receivables, less allowance for doubtful accounts of $500 at June 28, 2020 and June 30, 2019	41,955	84,230
Inventories, net	54,400	47,262
Customer tooling in progress, net	8,768	8,240
Income taxes recoverable	2,912	2,107
Other current assets	5,559	6,984
Total current assets	125,368	156,632
INVESTMENT IN JOINT VENTURES	22,068	23,528
DEFERRED INCOME TAXES	6,490	2,933
OTHER LONG-TERM ASSETS	6,471	11,523
PROPERTY, PLANT AND EQUIPMENT, NET	105,148	118,120
Total assets	265,545	312,736
CURRENT LIABILITIES:
Accounts payable	18,549	41,889
Accrued liabilities:
Payroll and benefits	13,498	17,339
Environmental	1,259	1,278
Warranty	8,500	7,900
Other	6,334	10,857
Total current liabilities	48,140	79,263
Commitments and Contingencies
BORROWINGS UNDER CREDIT FACILITIES	35,000	42,000
ACCRUED PENSION OBLIGATIONS	1,255	1,663
ACCRUED POSTRETIREMENT OBLIGATIONS	701	762
OTHER LONG-TERM LIABILITIES	5,008	1,232
SHAREHOLDERS’ EQUITY:
Common stock, authorized 12,000,000 shares, $.01 par value, issued 7,358,812 shares at June 28, 2020 and 7,304,994 shares at June 30, 2019	74	73
Capital in excess of par value	97,977	96,491
Retained earnings	211,940	221,117
Accumulated other comprehensive loss	(22,113)	(18,568)
Less: Treasury stock at cost (3,609,193 shares at June 28, 2020 and 3,613,439 shares at June 30, 2019)	(135,656)	(135,725)
Total STRATTEC SECURITY CORPORATION shareholders’ equity	152,222	163,388
Non-controlling interest	23,219	24,428
Total shareholders’ equity	175,441	187,816
Total liabilities and shareholders' equity	$ 265,545	$ 312,736